<h1>Government Updates Form GSTR-3B for Accurate Input Tax Credit Reporting Under GST; New Ledger Introduced for ITC Tracking.</h1> The government has introduced changes to Form GSTR-3B to improve the reporting of Input Tax Credit (ITC) transactions under the Goods and Services Tax (GST) framework. These changes, effective from August, allow taxpayers to accurately report ITC availed, reversed, reclaimed, and ineligible ITC. A new Electronic Credit and Re-claimed Statement ledger on the GST portal will aid taxpayers in tracking ITC reversals and subsequent reclaims, particularly those initially reported in Table 4(B)2 and later claimed in Tables 4(A)5 and 4D(1). This aims to minimize clerical errors and facilitate precise reporting.